Workflow
All It Takes Is $6,000 Invested in ExxonMobil to Help Generate Over $200 in Passive Income Per Year
XOMExxonMobil(XOM) The Motley Fool·2024-11-16 08:00

ExxonMobil's focus on oil and gas production quality is paying off.The energy sector is chock-full of high-yield companies with inconsistent payouts or track records of slashing dividends during industrywide downturns. ExxonMobil (XOM -1.04%) is an exception.The largest U.S.-based oil and gas major by market cap just raised its dividend for the 42nd consecutive year to 0.99pershareperquarter.Investing0.99 per share per quarter. Investing 6,000 in Exxon stock should generate over $200 in passive income per year and likely more over time ...